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Old 06-29-2008, 08:58 AM
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If your going to trade multiple pairs be sure your aware of the correlation between them.
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Old 06-29-2008, 12:01 PM
 

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Thank you again to all, those are very useful advice. I consider myself as a very conservative trader. That is why I would like to be a specialist in only one pair of currency. And my goal is very specific that is a weekly goal of 100 pips, thats all. Planning my trade and executing the trade with pure discipline and patience. Taking only quality trade set ups not quantity. Even it means having to trade only once a week. Its ok for me to miss a move, the whole idea is capital preservation and winning the consistenly.
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Old 06-29-2008, 12:07 PM
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If you want to specialise in 1 currency pair, then choose AUD/USD.

It is the most predictable currency pair in my view. More than 50% of my trades come from AUD/USD, because it is easiest to make money.
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